Hughes Law

Uncertainty in price levels can create uncertainty around price and wage setting activity for firms and workers and undermines any information that can be gained from relative prices as it is more difficult for firms to determine if a change in the price of a good or service is because of inflation or other factors such as an increase in the efficiency of factors of production if inflation is high and volatile An increase in inflation also leads to a decrease in the demand for money as it reduces the incentive to hold money and increases transaction costs and shoe leather costs, Main article: Thermohaline circulation, Foreign exchange trading increased by 20% between April 2007 and April 2010 and has more than doubled since 2004 the increase in turnover is due to a number of factors: the growing importance of foreign exchange as an asset class the increased trading activity of high-frequency traders and the emergence of retail investors as an important market segment The growth of electronic execution and the diverse selection of execution venues has lowered transaction costs increased market liquidity and attracted greater participation from many customer types In particular electronic trading via online portals has made it easier for retail traders to trade in the foreign exchange market By 2010 retail trading was estimated to account for up to 10% of spot turnover or $150 billion per day (see below: Retail foreign exchange traders). 90.3% of resident households (i.e households headed by a Singapore citizen or permanent resident) own the homes they live in and the average household size is 3.43 persons (which include dependants who are neither citizens nor permanent residents). However due to scarcity of land 80.4% of resident households live in subsidised high-rise public housing apartments known as "HDB flats" because of the government board (Housing and Development Board) responsible for public housing in the country Also 75.9% of resident households live in properties that are equal to or larger than a four-room (i.e three bedrooms plus one living room) HDB flat or in private housing. Live-in foreign domestic workers are quite common in Singapore with about 224,500 foreign domestic workers there as of December 2013, Singapore ceased to be part of the British Empire when it merged with Malaysia in 1963 Singapore lost its hinterland and was no longer the administrative or economic capital of the Malay Peninsula The processing in Singapore of raw materials extracted in the Peninsula was drastically reduced due to the absence of a common market between Singapore and the Peninsular states. Young Mountbatten's nickname among family and friends was "Dickie" although "Richard" was not among his given names This was because his great-grandmother Queen Victoria had suggested the nickname of "Nicky" but to avoid confusion with the many Nickys of the Russian Imperial Family ("Nicky" was particularly used to refer to Nicholas II the last Tsar) "Nicky" was changed to "Dickie".

. "'It is a very hard decision to declare UMNO unlawful,' said Justice Datuk Harun Hashim in his February 4 judgement 'But the law was made by our Parliament and certainly UMNO was aware [of the Societies Act] because they were in the majority [in Parliament] at all times [when the law was made].' Under the 1966 Act amended five times over the years and most recently by Mahathir's government each of the society's branches has to register separately with the Registrar...."!